please show the work, thank you.
Enter the beginning cash and capital balances and post the transactions (Post entries in the order of journal entries presented in the previous part) Cash No. 101 Date Explanation Ref. Debit Credit Balance Balance 31 31 ) 21 31 > 31 31 J1 31 31 No. 112 Accounts Receivable Balance Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance 31 1 01 Inventory No. 120 Date Explanation Ref. Debit Credit Balance > 31 01 > J1 > J1 JI C 1 J1 > J1 > J1 > 31 11 31 31 Supplies Date Explanation No. 126 Ref. Debit Credit Balance 31 Accounts Payable Date Explanation No. 201 Ref. Debit Credit Balance Ji J1 31 J1 31 01 Owner's Capital Date Explanation No. 301 Ref. Debit Credit Balance Balance - Sales Revenue No. 401 Date Explanation Ref. Debit Credit Balance 31 31 01 Sales Returns and Allowances Date Explanation No. 412 Ref. Debit Debit Credit Balance J1 No. 414 Sales Discounts Date Explanation Ref. Debit Credit Balance 01 No. 505 Cost of Goods Sold Date Explanation Ref. Debit Credit Balance 31 31 31 31 Cullumber Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Cullumber showed Cash of $5,000 and Owner's Capital of $5,000 May 1 N 5 9 10 11 12 15 Purchased merchandise on account from Braun's Wholesale Supply for $4,000, terms 2/10, 1/30. Sold merchandise on account $ 1.900, terms 1/10, 1/30. The cost of the merchandise sold was $ 1.000. Received credit from Braun's Wholesale Supply for merchandise returned $ 200 Received collections in full, less discounts, from customers billed on May 2. Paid Braun's Wholesale Supply in full, less discount. Purchased supplies for cash $ 400. Purchased merchandise for cash $ 1.200. Received $ 200 refund for return of poor quality merchandise from supplier on cash purchase. Purchased merchandise on account from Valley Distributors for $ 1,100, terms 2/10, 1/30, FOB shipping point Paid freight on May 17 purchase $ 110, Sold merchandise for cash $ 3,300. The merchandise sold had a cost of $ 1.900 Purchased merchandise on account from Lumley, Inc. for $ 650, terms 2/10,n/30. Paid Valley Distributors in full, less discount Made refunds to cash customers for returned merchandise $ 80. The returned merchandisecost $ 20. Sold merchandise on account for $1,000 terms /30. The cost of the merchandise sold was $600. 17 19 24 25 27 29 31 Cullumber Hardware's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory. No. 126 Supplies, No. 201 Accounts Payable. No. 301 Owner's Capital, No.401 Sales Revenue No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold May 1 Inventory 4,000 Accounts Payable 4,000 May 2 Accounts Receivable 1.900 Sales Revenue 1.900 (To record credit sale) Cost of Goods Sold May 2 1000 Inventory 1.000 (To record cost of merchandise sold) May 5 Accounts Payable 200 Inventory 200 May Cash 1,881 Sales Discounts 19 Accounts Receivable 1.900 May 10 Accounts Payable 3.800 Cash 3.724 Inventory 76 8.33725 May 11 Supplies 400 Cash 400 May 12 Inventory 1.200 Cash 1 200 May 15 Cash 200 Inventory 200 May 17 Inventory 1100 Accounts Payable 1.100 May 19 Inventory 110 Cash 110 May 24 Cash 3.300 Sales Revenue 3300 (To record cash sale) May 24 Cost of Goods Sold 1.900 Inventory 1.900 (To record cost of merchandise sold) 8.33725 III May 25 Inventory 650 Accounts Payable 650 May 27 Accounts Payable 1.100 Cash 1,078 Inventory 22 May 29 Sales Returns and Allowances 80 Cash 80 (To record merchandise returned) May 29 Inventory 20 Cost of Goods Sold 20 (To record cost of merchandise returned) May 31 Accounts Receivable 1,000 Sales Revenue 1,000 (To record credit sale) May 31 Cost of Goods Sold 600 Inventory 600
